For Sale
$240,000

500 Atlantic AveMorris, MN 56267

High-return investment, two tenants, equipment included.

Overview

Added:
Feb 3
Days on market:
68
This exceptional 10,100 square foot commercial property located at 500 Atlantic Avenue in Morris, Minnesota, presents a unique investment opportunity. Situated on a 0.16-acre lot, the building currently houses two thriving businesses, generating immediate rental income. The sale includes all restaurant and bar appliances and equipment, representing significant value for a prospective buyer. The property boasts a large, adaptable space, perfect for expansion or the launch of a new venture. Recent upgrades include a new furnace, water heater, and sump pump, ensuring efficient and cost-effective operation. This versatile property offers a blend of established income and significant potential for future growth, making it an ideal acquisition for savvy investors seeking a strong return on investment. The property's central location in Morris provides excellent visibility and accessibility, further enhancing its appeal. The existing tenants provide a stable income stream, minimizing risk and maximizing potential returns. Don't miss this chance to acquire a turn-key commercial property with immediate income and substantial upside. The combination of existing businesses, included equipment, and recent upgrades makes this a truly exceptional opportunity.

Property Details for 500 Atlantic Ave

Property type
Square Feet
10,100 SF
Year Built
1900
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Morris
County
Stevens
State
Minnesota
Latitude
45.58628
Longitude
-95.91393
500 Atlantic Ave, Morris, Minnesota

FAQs

What type of property is this?
Commercial real estate - High-return investment, two tenants, equipment included.
Where is the commercial real estate located?
The property is located at 500 Atlantic Ave Morris, MN.
What is the asking price?
The asking price for this property is $240,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
500 Atlantic Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message